Investment climate improving in Nepal: Chinese investors

A visiting business delegation of Chinese private sector has expressed interest to investment in various areas in Nepal, ranging from electrical equipments production to hydroelectricity.
Cheng Huihong, chairman of International Enterprise Management and Investment Association (IEMIA), said Chinese investors were looking forward to invest in Nepal.
“Chinese investors having expertise in areas like hydropower, hotel, restaurant business, electrical equipment, medicine, food, art and Buddhism are eager to invest in Nepal," Huihong said at an interaction organized by Nepal-China Chamber of Commerce (NCCI) here on Monday.
Huihong is in Nepal leading a 15-member business delegation.
Rajesh Kaji Shrestha, president of NCCI, requested Chinese investors to come to Nepal with investment. “We are ready to support you from our part to protect your investment," Shrestha said.
According to a press release issued on Monday, Shrestha invited the Chinese investors to invest in hydropower, agriculture, tourism and banking sector. “I propose for joint venture investment approach of Nepali and Chinese business people,” the release quoted Shrestha as saying during the interaction.
Shrestha also assured Chinese business people that the NCCI would try its best to push for a favorable investment climate in the country.
"We are seeing the investment environment improving in Nepal,” the release quoted Huihong as saying. “This is the reason why we are interested to invest here.”
According to the release, NCCI and IEMIA will soon ink an agreement to make joint investment in areas like hydropower and banking.